TORONTO, June 30, 2020 /CNW/ - Recognizing its unique
opportunity as a global financial organization to advance climate
transition and promote sustainable economic growth, Scotiabank is
pleased to announce the launch of a new Sustainable Finance Group
within its Global Banking and Markets (GBM) division. The new team
will further Scotiabank's Climate Commitments, announced in
November 2019, to support clients in
the transition to a low-carbon economy, decarbonize its own
operations and contribute to the global conversation on climate
change.
"Our new Sustainable Finance Group will support our clients'
evolving requirements for sustainable financing and Environmental,
Social and Governance (ESG) related investments," said Paul Scurfield, Managing Director and Head of
Global Fixed Income at Scotiabank. "We are steadfast in our
commitment to support Scotiabank's sustainability and climate
change initiatives by offering innovative and high-quality
sustainable finance products, solutions and advice to our
clients."
The Sustainable Finance Group complements Scotiabank's expertise
in ESG, working closely with Scotiabank partner teams to provide
financial solutions and advice across sustainable finance products
to corporate, financial, public sector and institutional clients
across our global footprint.
The creation of this group within GBM builds on Scotiabank's
leading position as the top Canadian dealer of sustainability bonds
in 2020 and the fastest growing dealer globally, as well as
Scotiabank's leadership in ESG which includes:
- Issued inaugural USD 500 million Green Bond,
in July 2019, aligned to eligible criteria in the Scotiabank
Green Bond Framework, including renewable energy, clean
transportation and green buildings.
- Developed a climate change risk due diligence and rating
methodology and implemented training for all banking and credit
teams in 2019.
- Invested nearly $100 million
globally to communities where we operate in 2019, as part of our
global philanthropy program.
- Named to the Dow Jones Sustainability Index North America and
ranked amongst the top 1% of global financial institutions for
corporate governance.
For more information on the Sustainable Finance Group, visit:
https://www.gbm.scotiabank.com/en/services/financing/sustainable-finance.html.
Scotiabank's Climate Commitments include a commitment to
mobilize $100 billion by 2025 to
reduce the impacts of climate change. Those commitments can be
viewed on www.scotiabank.com/sustainability.
For more information about Scotiabank's sustainability strategy,
visit: www.scotiabank.com/sustainabilty.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future," we help our customers, their
families and their communities achieve success through a broad
range of advice, products and services, including personal and
commercial banking, wealth management and private banking,
corporate and investment banking, and capital markets. With a team
of approximately 97,000 employees and assets of over
$1.2 trillion (as at April
30, 2020), Scotiabank trades on the Toronto Stock
Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).
For more information, please visit our website and follow
us on Twitter @ScotiabankViews.
SOURCE Scotiabank